Property Tax Rate (per $100)
The Texas property tax rate, expressed as dollars per $100 of taxable appraised value rather than in mills.
Quick flashcard
What does Property Tax Rate (per $100) mean on the Texas real estate exam?
Answer: The Texas property tax rate, expressed as dollars per $100 of taxable appraised value rather than in mills.
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Property Tax Rate (per $100) definition
Texas property tax rates are commonly stated as a dollar amount per 100 dollars of taxable value. To find the annual tax, divide the taxable value by 100 and multiply by the rate per 100. Each taxing unit, such as the county, school district, and city, sets its own rate, and the rates combine on one bill.
Taxable value is the appraised value minus any exemptions, such as the homestead exemption. Apply exemptions first, then apply the combined rate. If an exam question uses mills instead, one mill is one dollar per 1,000 of value.
Source basis
Definition checked against the official sources below on .
On the exam
Worked example
Worked example
Taxable value 210,000 divided by 100 equals 2,100, times a 2.20 rate per 100 equals 4,620 dollars.
Exam trap
Tested in
Real Estate Math (7 of 80 National)
From definition to recall
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Try 5 free questionsThis definition is Texas real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.